Personal Finance

What Does Phasing Out Cheques Tell Us About Finance in New Zealand?

What Does Phasing Out Cheques Tell Us About Finance in New Zealand?

Keeping up with financial news can be difficult in today’s 24-hour culture, but one issue that has ignited opinion in New Zealand is the phasing out of cheques. It was announced in February 2020 that cheques would be phased out by Kiwibank as a move towards a semi-cashless economy.

Two Student Loan Companies Face Law Suit in Illinois

Two Student Loan Companies Face Law Suit in IllinoisAs per Lisa Madigan the Illinois Attorney General, two companies which offer help to borrowers aiming to solve student debt are running scams. They are making their targeted victim to pay up-front for vague solutions to certain problems which the government programs offer to solve for free.

Banks to Shut Retail Financial Advice Services Shortly

The banks of United Kingdom will shut their retail financial services to their customers. This decision has been taken by the Barclays Plc, as they face higher cost for providing these services to their customers. These reports are claimed by the Financial Times.
 

Study Claims One-Fifth Britons Hide Debt Information from Partners

A recent research has found that one fifth of the Britons keep their partners misinformed regarding the debts they are in and around one third of them hide the information from the other family members.

U.S. Economists Warn Initiation of a Continued Period of Higher Interest Rates

Economists are intimating that with revival of the U.S. economy, the consumers will have to deal with another problem i.e., persistent period of intensifying interest rates.

Focus on Personal Savings for Retirement Urged by Ex-BoC Chief

Focus on Personal Savings for Retirement Urged by Ex-BoC ChiefEx-Governor of Canada's central bank, the Bank of Canada, David Dodge has stressed that Canadians should now start saving far more money than earlier estimated if they want to retire comfortably, and this includes even those Canadians who tend to think that they have really good company pension plans and robust RRSPs.

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